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Which one of the following is most indicative of a totally efficient stock market? Multiple Choice Extraordinary returns earned on a routine basis Positive net

Which one of the following is most indicative of a totally efficient stock market?

Multiple Choice

Extraordinary returns earned on a routine basis

Positive net present values on stock investments over the long $-$ term

Zero net present values for all stock investments

Arbitrage opportunities which develop on a routine basis

Realizing negative returns on a routine basis

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